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Lanxess Establishes New Subsidiary in Turkey

4:26 AM MDT | June 18, 2012 | Natasha Alperowicz

Lanxess has announced the setting up of a new subsidiary in Turkey with the aim of expanding business in that country. The subsidiary, Lanxess Kimya Ticaret Ltd. (Istanbul) will manage the company’s business in the growing Turkish market. Lanxess generated sales of €125 million ($157.5 million) in Turkey last year, nearly tripling the amount achieved in 2009. The new company will initially have 20 employees under the management of Ömer Bakir.   "The establishment of our new subsidiary in Turkey represents another milestone on our global...

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